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Secrets to Being an Accidental Entrepreneur with Purpose

by Larry Chiang on March 13, 2013

By Larry Chiang

Planning to be a future “accidental entrepreneur” is smart. Lets set an intention to purposefully become an accidental entrepreneur with little or no downside risk.

Look, I am a man from China. By nature of being an ABC (American Born Chinese) in America, I am incredibly risk adverse. My family is risk avoiding to the max. Yet me family is incredibly entrepreneurial. In American schools, students are taught, “roll the dice when youre young and chase your passions and desires”. That’s wrong.

VCs tell us “fail while you’re young and take massive risks building something new”. This view is silly. Hey, I studied engineering. Think I am going to give up a six figure job in a Fortune 100?! Nope! Don’t listen to VCs that need for you to take a risk. Listen to me when I tell you risk can be

– Risk Mitigated
– Risk Minimized
-Risk Eliminated

My effort to mentor my students on risk even has a hashtag. Even the bestselling author, Geoffrey Moore wants you to take on more risk. His new book, Escape Velocity, is a genius sequel to “Crossing the Chasm” but it stops before the punchline. The summary of his entrepreneur’s dilemma of bridging the should be to say “crossing chasm from the right”

Accidental entrepreneur of-the-future, purposefully prepare
– Promote or sell something that is in the early majority/ pragmatists
– Practice EUBM
– Start and Stop a Startupie, Lemonade Stand, Baby Business like Lisa Falzone, Stanford athlete CEO @Stanford Entrepreneurship Week
– Participate in a Startup Hour. Its like a startup weekend but only in Houston. And only for one hour
– Blog using the MVBP system (a minimum viable blog post and 12 sentences, two pictures and one focus


Buy my mentors book:

“What They Don’t Teach You at Harvard Business School”. It’s used on Amazon for 1c.

If you liked this, you may also check:default
Larry’s mentor Mark McCormack wrote this in 1983.
His own book came out 09-09-09. It is called ‘What They Don’t Teach You At Stanford Business School‘.
Harvard wrote about it in an article called “What They Don’t Teach You at Stanford–The HARBUSdefaultLarry’s book releases 09-09-09

This post was drafted in an hour and needs your edits… email me if you see a spelling or grammatical error(s)… chiang9 –AT–@Duck9 dot com

Larry Chiang started his first company UCMS in college. He mimicked his mentor, Mark McCormack, founder of IMG who wrote the book, “What They Don’t Teach You at Harvard Business School”. Chiang is a keynote speaker and bestselling author and has testified before Congress, World Bank and the Federal Reserve Bank about credit.

Text or call him during office hours 11:11am or 11:11pm PST +/-11 minutes at 650-283-8008. Due to the volume of calls, he may place you on hold like a Scottsdale Arizona customer service rep. If you email him, be sure to include your cell number in the subject line. If you want him to email you his new articles…, ask him in an email 🙂

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